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  • September 22, 2014
  • Last updated: 12:38am
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Results 1 - 10 of 80 for offshore yuan trading

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  1. Business - Companies - SHIPPING

    CIMC sees profit rise 87.5pc

    Posted Aug 26th 2014, 11:14am by JING YANG

    ... to 1 billion yuan (HK$1.26 billion). Revenue increased 12.1 per cent year on year to 32 billion yuan, while sales of dry freight containers fell 2.5 percent to 625,300 twenty-foot-equivalent units. CIMC, which also makes trucks and trailers, saw road vehicle sales rise 7.3 per cent to 57,200 units, with revenue from that business up 7.07 per cent at 7.14 billion yuan. Revenue from offshore ...

  2. Business - Companies - SHIPPING

    CIMC declares another win in battle against Brazil’s Schahin

    Posted Sep 19th 2014, 12:47pm by Jing Yang and Benjamin Robertson

    ... with Schahin during President Xi Jinping’s visit to the South American country. The deal marked the first time that a Chinese leasing company entered Brazil’s booming offshore oil exploration market.  ...

  3. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

    Posted Aug 29th 2014, 11:44am by JING YANG

    ... cent to 340.6 million yuan as orders dried up. The shipbuilder delivered five vessels and cancelled eight contracts in the reporting period. Rongsheng shares were suspended from trading ... Jing Yang jing.yang@scmp.com Rongsheng's 3b yuan loss in first half bucks recovery trend among mainland competitors Shipmaker sinks into negative territory China Rongsheng Heavy ...

  4. Business - China Business - SHIPPING

    China Cosco Holdings buys 5 container ships for US$618m

    Posted Sep 18th 2014, 02:35pm by JING YANG

    ... Both K Line and China Cosco, through its subsidiary Cosco Container Lines, are members of the CKYHE alliance that co-operates on east-west trade lanes. The three other partners are Yang Ming ... Asia-Europe trades and Asia-US trades after the Panama Canal’s expansion is completed next year. ...

  5. Business - Companies - SHIPPING

    Greek buyer cancels four ship orders from Rongsheng

    Posted Sep 04th 2014, 06:37pm by JING YANG

    ... on time the four vessels, each with a capacity of 75,750 deadweight tonnes. Rongsheng reported that its first-half net loss more than doubled from a year ago to 3 billion yuan (HK$3.78 billion), of which 1.2 billion yuan was for refunded down payments, interest and penalties resulting from order cancellations. Trading in Rongsheng’s shares has been halted since Friday, pending the release ...

  6. Business - Banking & Finance - SHIPPING

    China Merchants Bank gives Cosco 300m yuan credit line

    Posted Aug 28th 2014, 09:05am by JING YANG

    ... Jing Yang jing.yang@scmp.com China Merchants Bank is granting a 300 million yuan (HK$378 million) credit line to its second-largest shareholder, China Ocean Shipping (Group) Co (Cosco), ... conglomerate. With a 6.24 per cent stake, Cosco is the second-largest shareholder of China Merchants Bank after its parent, China Merchants Group. Last year, Cosco recorded 164.81 billion yuan ...

  7. Business - Companies - SHIPPING

    Three global shipping lines form alliance serving Asia, Europe and US

    Posted Sep 10th 2014, 04:05am by JING YANG

    ... in major alliance Three of the world's largest container shipping lines are forming an alliance that will cover major trade lanes between Asia, Europe and the United States in another move shaping the global container trade into a battleground of four large consortiums. France's CMA CGM, Shanghai-based China Shipping Container Lines and Dubai-based United Arab Shipping Co said ...

  8. Business - Companies - SHIPPING

    All aboard for 4-way battle on sea lanes

    Posted Sep 11th 2014, 06:02am by JING YANG

    ... Jing Yang jing.yang@scmp.com The fight for share of seaborne container trade gets more complicated as players form pacts, with Ocean Three the latest to pose challenge All aboard for 4-way battle on sea lanes The competitive landscape of the world's seaborne container trade is becoming more perplexing with the proposed formation of Ocean Three, the fourth shipping alliance ...

  9. Business - Companies - SHIPPING

    Maersk-MSC tie-up approval may run to late 2014

    Posted Sep 02nd 2014, 12:38am by JING YANG

    ... November but with additional conditions attached. Marketed as 2M, Copenhagen-based Maersk Line and Geneva-based MSC plan a vessel-sharing agreement for seaborne trade that straddles Europe, the US ... then came back with the 2M alliance, which involves a total of 185 vessels with a capacity of 2.1 million teu (twenty-foot equivalent units) on 21 trade routes. The reasons for the close scrutiny ...

  10. Business - Companies - SHIPPING

    Maersk, MSC file plan with US commission on proposed tie-up

    Posted Aug 29th 2014, 01:14am by JING YANG

    ... authorities in a bid to clear the only regulatory hurdle on the way to a tie-up that could reshape the container trade landscape in the next decade. Copenhagen-based Maersk Line and Geneva's Mediterranean Shipping Company (MSC) submitted their 10-year agreement known as 2M with the US Federal Maritime Commission (FMC) on Wednesday local time. The scope of the deal will straddle trade routes ...




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